Maxeon Solar Technologies (NASDAQ:MAXN) Stock Price Up 1.3% – Still a Buy?

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) shares shot up 1.3% on Tuesday . The stock traded as high as $1.6434 and last traded at $1.60. 130,360 shares traded hands during trading, a decline of 98% from the average session volume of 5,501,729 shares. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

MAXN has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Maxeon Solar Technologies to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Maxeon Solar Technologies Trading Down 3.8%

The firm has a market capitalization of $25.73 million, a P/E ratio of -0.01 and a beta of 1.26. The firm has a 50-day moving average of $1.94 and a two-hundred day moving average of $2.76.

Institutional Investors Weigh In On Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new position in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned about 1.99% of Maxeon Solar Technologies as of its most recent SEC filing. 47.67% of the stock is currently owned by institutional investors.

About Maxeon Solar Technologies

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.